The diamond war between Israeli magnate Lev Leviev and South African giant De Beers is heating up again in Namibia a year after Leviev's LLD Diamonds Namibia subsidiary opened a US$6 million high-tech gem processing factory in Windhoek...
Vol 46 No 7 |
- AFRICA
- MINING
The Israeli diamond magnate Lev Leviev acquired Namco's offshore mining rights in 2004 but his Sakawe Mining Corporation (Samicor) produced only 25 000ct...
Gaidamak will remain influential along with his ally and diamond magnate Lev Leviev...
De Beers was already worried about inroads by Lev Leviev an Israeli diamond-dealer in Angola in Congo-Kinshasa and in Namibia itself...
In 1997-1998 before the Lusaka accords collapsed a deal was taking shape with the help of American diamond dealer Maurice Tempelsman (whose LKI Diamonds pulled out of Angola after Lev Leviev won the diamond marketing monopoly)...
Now De Beers faces a real challenge from Israeli-based Lev Leviev who is the government's partner in Angola's Ascorp marketing monopoly and is building up a strong marketing position in Congo-K Namibia and South Africa...
Outside businessmen such as Lev Leviev may be more influential than it would appear...
For example Gaydamak brought in his friend Lev Leviev as the main investor in the state diamond-marketing monopoly Ascorp...
That is a triumph for Lev Leviev whose diamond interests are worth over US$1 billion and range from his base in Israel to Angola Congo-Kinshasa Namibia South Africa and Russia...
Vol 42 No 3 |
- FRANCE
- AFRICA
His important new partner in Africa-Israel Investments is Lev Leviev...